Kaman acquisition of Minarik expands motion control, maintenance link
Company seen as "great strategic fit" for Kaman
Kaman Industrial Technologies acquisition of Minarik Corporation will help Kaman take a deeper dive into the relationship between motion control and maintenance efficiency.
The deal, which closed in May, puts Minarik’s process and motion control technology into Kaman’s Industrial Distribution Segment. “The acquisition of Minarik will allow us to better serve our customers in their quest to increase productivity, better control their processes, and reduce operating costs, said Kaman Industrial Technologies president Jack Cahill. “The acquisition will result in better levels of support for motion control product customers throughout North America. The combination also more effectively balances our business between OEM and MRO markets.”
“The acquisition provides Minarik with an outstanding opportunity to continue the expansion that we have experienced over the last ten years. KIT will help open up additional markets and customers to Minarik and Minarik will bring a high level of motion control expertise to KIT”, said Minarik prsidet John Hegel. “With Kaman’s financial strength Minarik can enhance its national motion control footprint more quickly into key geographic areas and industry segments”.
“Minarik is a great strategic fit for Kaman, increasing our geographic footprint and served market,” said Kaman Corporation chairman and CEO Neal J. Keating. “It also increases our scale allowing us to further leverage our existing infrastructure. It will provide a complementary platform upon which we can significantly expand our product breadth.”
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.